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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
186
Registration Document 2016 — Capgemini
Earnings per share
earnings per share are measured as follows:
Earnings per share, diluted earnings per share and normalized
period, excluding treasury shares. The weighted average
number of ordinary shares outstanding is adjusted by the
loss attributable to owners of the Company by the weighted
average number of ordinary shares outstanding during the
basic earnings per share
are calculated by dividing profit or
◗
number of ordinary shares bought back or issued during the
period and is calculated by reference to the date of
redemption or issue of shares during the year;
cash and/or in new and/or existing shares, (ii) performance
shares (iii) free share grants and (iv) redeemable share
both items being adjusted for the effects of all potential dilutive
financial instruments corresponding to (i) bonds redeemable in
weighted average number of ordinary shares outstanding
during the year as used to calculate basic earnings per share,
diluted earnings per share
are calculated by dividing profit
◗
or loss attributable to owners of the Company by the
subscription or purchase warrants;
income and expense), net of tax calculated using the effective
corrected for the impact of items recognized in other
operating income and expense (see Note 8, Other operating
during the period. Normalized net profit or loss is equal to
profit for the year attributable to owners of the Company
Company by the weighted average number of ordinary shares
outstanding during the period, excluding treasury shares held
normalized earnings per share
are calculated by dividing
◗
normalized profit or loss attributable to owners of the
tax rate.
Basic earnings per share
2015
2016
Profit for the year attributable to owners of the Company
(in millions of euros)
1,124
921
Weighted average number of ordinary shares
168,452,917
169,450,721
BASIC EARNINGS PER SHARE
(in euros)
6.67
5.44
Diluted earnings per share
the year. The average share price in 2016 was €80.91.
Diluted earnings per share are calculated by assuming conversion
into ordinary shares of all dilutive instruments outstanding during
In 2016, instruments considered dilutive for the purpose of
calculating diluted earnings per share include:
bonds were redeemed early in the last quarter of 2016 (see
Note 21 – Net debt / Net cash and cash equivalents);
€20 million interest expense recorded (net of taxes) on the
bonds is lower per bond than basic earnings per share. These
the “ORNANE 2013” convertible bonds issued on October 25,
◗
2013,
i.e.
a weighted average of 5,305,591 bonds, as the
shares to be delivered to French and non-French employees
◗
under the 2012, 2013 and 2014 performance share grant plans,
the delivery dates, scheduled for January and March 2017 and
August 2018, respectively;
December 31, 2016, the only remaining condition applicable to
these shares is the presence of the beneficiaries in the Group at
representing a weighted average of 2,236,137 shares. At
Directors on July 29, 2015, representing a weighted average of
1,053,800 shares. The related performance conditions will be
all the shares available for grant under the performance share
◗
grant plan, the terms of which were approved by the Board of
assessed in March 2018;
689,492 shares. The related performance conditions will be
assessed in August 2019;
plan, the terms of which were approved by the Board of
Directors on July 26, 2016, representing a weighted average of
the shares available for grant under the performance share grant
◗
Directors on February 17, 2016, representing a weighted
average of 155,050 shares. The related presence conditions will
the shares available for grant under the performance share grant
◗
plan, the terms of which were approved by the Board of
be assessed in March 2018 and March 2020.
representing a weighted average of 67,429 shares;
open to all French employees, the terms of which were
approved by the Board of Directors on October 8, 2014,
the shares falling within the scope of the free share grant plan
Subscription
or
Purchase
Warrants
(BSAAR),
i.e.
122,560 warrants, as the average price of the Cap Gemini S.A.
the weighted average number of Redeemable Share
◗
share in 2016 is higher than the aggregate of the €34 strike price
and the €3.22 issue premium.